Pnb Housing Finance Limited vs Manoj Saha

The Supreme Court examined whether the possession of a secured asset, taken by a financial institution, should be handed back to a tenant who claims to have continued occupation under an unregistered tenancy agreement after the expiry of the original lease. The Court analyzed the validity of the tenant’s claim and the rights of the subsequent purchaser of the property. It held that the possession of the secured asset could not be restored to the tenant without proper legal procedures, especially given the mortgage and security interests involved. The judgment underscores the importance of adhering to legal formalities in tenancy and security transactions.